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Vivus Downgraded Earlier by Lazard on News of Poorly Performing Treatment

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Morning Market Gainers

Vivus (NASDAQ: VVUS) is currently up nearly 2 percent despite being downgraded from Buy to Neutral at Lazard Capital Markets.

Traders in Vivus are continuing to responding to news from Monday the company's CEO said the company is in discussions with larger pharma companies.

Analyst Joshua Schimmer cited Vivus's obesity treatment drug Qsymia as the culprit, saying demand for the product has failed to meet estimates.

While Vivus is in partnering talks with other pharmaceuticals, it needs to find commercial success for the product or significantly reduce costs in order to slow the current cash outflow, according to Schimmer.

VVUS is trading at 13.76 at last check.

Latest Ratings for VVUS

Nov 2014Bank of AmericaMaintainsUnderperform
May 2014JP MorganMaintainsNeutral
Apr 2014Piper JaffrayDowngradesNeutralUnderweight

View More Analyst Ratings for VVUS
View the Latest Analyst Ratings

Posted-In: Downgrades Analyst Ratings


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